afaik unripe: Market Chatter-Corporate finance press digest

Monday, January 28, 2013

Jan 28 (Reuters) - The following corporate finance-related

stories were reported by media on Monday:

* Internal reviews by banks in Singapore have found evidence

that traders colluded to manipulate rates in the offshore

foreign exchange market, according to a source with knowledge of

the inquiries.

* Bank of America has begun moving $50 billion of

derivatives out of its Irish-based operations into its British

subsidiary, The Financial Times reported.

* Barclays and Credit Suisse are both

preparing collateralised loan obligations - which bundle

corporate loans primarily for leveraged buyouts into a single

vehicle - for investment groups Pramerica and Cairn Capital,

said sources close to the deals. ()

* British insurer Admiral plans to buy law firm

Lyons Davidson to limit the financial impact of a ban on lawyers

paying for accident victims' contact details, the Mail on Sunday

reported, citing an unnamed source.

* BlackRock, the world's largest asset management

company, has taken an $80 million stake in Twitter Inc, a person

with knowledge of the deal said.

* Indonesia-focused miner Bumi Plc will announce

plans for a smaller board and a new company name as it seeks to

break with two years of damaging battles between investors, a

source familiar with the matter said.

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